Jysin
Bronze Baronet of the Realm
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We are down about 10% on the S&P. It has moved up 4x that much in the last couple years. How are you upside down today on positions from 2 years ago?
What am I not understanding?
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Investing General Discussion
- Thread starter Furious
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What am I not understanding?
Siliconemelons
Naxxramas 1.0 Raider
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It’s mostly my blue chips holding thats almost flat now. It’s up
I am a peon, its on “stash” they sometimes use silly names for things- blue chips is what its called.
It’s hard for me to track on the app, as its setup to be like a savings, every paycheck it buys X of blue chips, Y of a few stocks. They also have a “smart mix” thing thats a separate “account” in a way..it is set for again Z amount every check goes in and then Stash does a kind mix of stuff that varies or whatever- i guess its a virtual broker thing.
All in all, yeah I am up about 18% over all still. It’s just kinda sad/scary to see like a chunk of cash gone..
Like i saw last week after a down, it kinda wobble around up down a smidge, i figured ahh okay its ganna level and then chill and eventually go up again slowly. I told my normal nature of “i suck and never “””win””” at this nonsense” and pull it all out… and now, heck I would have been, for once, better getting scared and running than not- as in the past, slow and steady always was best
I am a peon, its on “stash” they sometimes use silly names for things- blue chips is what its called.
It’s hard for me to track on the app, as its setup to be like a savings, every paycheck it buys X of blue chips, Y of a few stocks. They also have a “smart mix” thing thats a separate “account” in a way..it is set for again Z amount every check goes in and then Stash does a kind mix of stuff that varies or whatever- i guess its a virtual broker thing.
All in all, yeah I am up about 18% over all still. It’s just kinda sad/scary to see like a chunk of cash gone..
Like i saw last week after a down, it kinda wobble around up down a smidge, i figured ahh okay its ganna level and then chill and eventually go up again slowly. I told my normal nature of “i suck and never “””win””” at this nonsense” and pull it all out… and now, heck I would have been, for once, better getting scared and running than not- as in the past, slow and steady always was best
Kithani
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Gravel
Mr. Poopybutthole
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Cad
scientia potentia est
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Not trying to be an asshole but the market was at all time highs in September 1929 too.
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Siliconemelons
Naxxramas 1.0 Raider
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lol
Okay thanks all!
and no there is not really anything I need the money for now - I have "liquid" savings in a few different accounts- one a "traditional aka useless lol" savings by my bank I can get to as needed- and another 4% APR savings that takes a few days to xfer between (it also gets a set amount each check into it)
Okay thanks all!
and no there is not really anything I need the money for now - I have "liquid" savings in a few different accounts- one a "traditional aka useless lol" savings by my bank I can get to as needed- and another 4% APR savings that takes a few days to xfer between (it also gets a set amount each check into it)
Sanrith Descartes
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Imma gonna quote some real smart guy to answer your question...
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Blazin
Creative Title
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The market was -4% 17 days off the 29 high. So we are crashing far worse than 29.
You're 29 jest however is a good example.
The market rallied 50% off the fall of 29 lows, the failure to set a new top was the true signal of trouble, not panicking at the initial drop. The 29 crash was particularly horrible because of the subsequent YEARS of continuing to fall and not finding it's footing until 1933. 10% corrections are normal , they all feel horrible, they all feel like it could be worse and sometimes it is. We'll know that because the market will fail to get back on top of long term moving averages which are still upward sloping.
It's failure the second time to hold the 200d in April of 1930 which was then in decline, that's your "Hey guys we in deep shit or what?"
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Gravel
Mr. Poopybutthole
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People don't really think about it, but the stagflation of the 70s was actually worse than the Great Depression as far as returns go.
It's one of those early retirement things people talk about, when you backtest retirement years that make it 30 years at 4% withdrawal, you can survive the Great Depression. If you retired in the late 60s? You got fucked and ran out of money. The Dotcom crash followed by the Great Recession was also pretty brutal.
It's one of those early retirement things people talk about, when you backtest retirement years that make it 30 years at 4% withdrawal, you can survive the Great Depression. If you retired in the late 60s? You got fucked and ran out of money. The Dotcom crash followed by the Great Recession was also pretty brutal.
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Sanrith Descartes
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ToeMissile
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Friend of my wife’s left undergrad to go work at EarthLink. Cashed out of that pretty well and hasn’t taken a job he didn’t want to since. A few years ago married into old east coast money too. Tubby Asian dudes have all the luck
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Jysin
Bronze Baronet of the Realm
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Absolutely makes sense to scale profit on Calls, considering we have had relentless intraday dumps into the close.
I am still full long (no options).
We have every bit of negative news seemingly baked in. This has potential to rebound for a few days.
Remaining Risk: Still quite an overwhelming downside Gamma exposure today.
I am still full long (no options).
We have every bit of negative news seemingly baked in. This has potential to rebound for a few days.
Remaining Risk: Still quite an overwhelming downside Gamma exposure today.
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Surprised you were buying MSTR calls. I can't stomach that IV, been selling options and taking shares from exercised puts.
Blazin
Creative Title
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I have 500 shrs of QQQ that I'm concerned about that have their cost basis at the 200d , so I'm down $9k . My issue is there is going to be a lot of money trapped in that area (just like me) which means there is going to be a battle to reclaim the 200d. A battle at your cost basis sucks, because if you try to protect it you are going to get stopped out. If you give it room your going to lose money, because the rejection could be strong and swift .
I'm not yet of the mind that we fail there but I'm certainly open to it. Just I know it's going to be challenging.
I'm not yet of the mind that we fail there but I'm certainly open to it. Just I know it's going to be challenging.
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Jysin
Bronze Baronet of the Realm
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Fully agree. We have had relentless selling to the point, some are going to want to sell to reduce exposure on bounces. It could turn into quite a battle.
Upside of this is.. what other bad news is there? Anything positive to hit the newswire can further fuel a rally.
Though, my main concerns are what we spoke about yesterday for the longer term. If these tariffs hold, I don't think next month's PPI data and earnings guides are going to do any favors for the bulls.
Upside of this is.. what other bad news is there? Anything positive to hit the newswire can further fuel a rally.
Though, my main concerns are what we spoke about yesterday for the longer term. If these tariffs hold, I don't think next month's PPI data and earnings guides are going to do any favors for the bulls.
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